Author: Olivia Cole

The minister who controls the gambling venues in the state of New South Wales (NSW) has shared his confidence that taxpayers will not pay the bill for any compensation to Crown Resorts in case the state Government changes its opinion on the gambling operator’s licence for the Sydney’s Barangaroo casino. At the beginning of the week, Victor Dominello, Customer Service Minister, faced a hearing regarding the estimates of the state’s parliament at which he was put under questioning regarding the compensation clause. The Australian casino giant could potentially ask the…

On Friday night, the UK gambling platform Football Index announced huge reductions in dividends, following new shares in players, issued just a few days before the major changes. This led to numerous angry customers who felt misled by the new shares that preceded the huge slump in dividends that led to the crash in the market on Saturday. The thousands of customers of Football Index are expressing their infuriation due to the inability to sell their shares after the reduction announcement, at least not without suffering major losses. As a…

The fate of Crown’s casino in Burswood is in the hands of a royal commission which is to determine whether the operator is eligible to keep its casino license. This was announced by the government of West Australia (WA), following the inquiry that deemed Crown Resorts unsuitable to operate its newest casino in Sydney. Lindy Jenkins and Neville Owen, both former WA Supreme Court judges, and Colin Murphy, former WA auditor-general, will be the three commissioners that will run the royal commission. Royal Commission to Investigate Crown’s Perth Casino According…

The UK Gambling Commission issued another warning towards the personnel of Caesars Entertainment. After the regulatory body imposed a £13 million fine on the casino operator in April 2020, it continued its investigation to further regulate the activities offered by Caesars Entertainment UK Limited. The heavy fine was levied on the company as a penalty for violating several rules, including guidelines for social responsibility, money laundering, and customer interaction protocols. According to the Gambling Commission, the main victims of these violations were the high-roller VIP customers of the casino, which…

Moody’s Investors Service has confirmed it has changed Crown Resorts outlook to negative. The rating agency has shared that the Australian gambling company Crown Resorts has received a Baa3 rating, with its outlook having been changed to negative. The revelation has come at a time when Crown Resorts has been dealing with serious problems in three Australian states following the scanting report of the former Supreme Court judge and current NSW Commissioner Patricia Bergin. Following the negative outlook announcement, one of the Moody’s analysts – Maadhavi Barber – explained that…

Turbulence at Crown Resorts is getting more and more serious, as the gambling operator has announced that another one of its key directors is stepping down. Earlier today, the Australian casino giant revealed that John Poynton has resigned as the board’s chairman of Crown Perth and a company’s director with immediate effect. Mr Poynton’s departure is the latest one in a series of chief executive exits at the gambling company after the scanting report of New South Wales (NSW) Commissioner Patricia Bergin has alleged widespread poor governance and serious money…

The gambling regulator of Western Australia issued strict directions to Crown Resorts to ban it from allowing any junket operators to offer their services within its Perth casino after a New South Wales (NSW) Commissioner’s report found considerable governance failures of the gambling company. The gambling giant has confirmed that it had received the order issued by the Gaming and Wagering Commission of Western Australia under the provisions of the Casino Control Act 1984. Crown Resorts lodged a statement to the Australian Stock Exchange yesterday, saying that the WA watchdog…

Daniel Andrews, the Premier of the state of Victoria, has revealed that he is ready to revoke the operating licence for Crown Resorts’ Melbourne casino in case such a step is recommended by the Royal Commission. The future of the Australian gambling giant’s casino venue in Melbourne has been put under question after the Victorian Government announced an unprecedented inquiry into the company’s casino operations late on February 22nd. The investigation is aimed at finding out whether the company had broken the state’s gambling legislation and whether it was fit…

A new Royal Commission in the state of Victoria is set to test the suitability of Crown Resorts to run its Melbourne casino after a NSW inquiry into the Australian gambling giant found it unsuitable to hold the operating licence for its newest casino in Sydney. The Royal Commission is required to issue a report by August 1st, 2021. Raymond Finkelstein QC, a former federal court judge and senior barrister, has been appointed commissioner. The Government of the state of Victoria issued a statement, saying that the move was initiated…

One of the largest bookmakers, Flutter Entertainment, unveiled its decision to suspend the use of credit cards for gambling transactions in Ireland as of the beginning of April 2021. The company has already made the same move in the UK, and its decision to do the same in Ireland comes shortly before the planned establishment of a local independent gambling regulatory body. Furthermore, the owner of the Paddy Power, Betfair and Sky Bet brands revealed that it would impose a voluntary “whistle to whistle” ban on gambling advertising during live…